Burke is one of three people charged to date in a federal investigation – believed to have started in early 2016 – of Mayor Dennis Tyler’s administration and the Muncie Sanitary District.

In addition to bank fraud, Burke is charged with making false statements to a FBI agent and obstruction of grand jury proceedings.

He is accused of obtaining an out-of-state loan that specifically was not to be used tor real estate purchases, and then using that money to buy a former flea market, in the 1700 block of East Main Street for $150,000.